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What should kids pay for expenses?
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<blockquote data-quote="Brandonm22" data-source="post: 590096" data-attributes="member: 7645"><p>I don't know about one and three year olds "owning" cows. I kind of would rather waited to gift them the cow until they were capable of grasping that they were receiving a gift. A three year old probably would rather get a stuffed cow. That said IF we are talking about children old enough to actually do real work, don't underestimate the value of the work they are doing. A kid who checks the cows every afternoon studiously, who helps with fence repairs, who is on-call 24/7/365 (when not at school) to help put the cows back up, who bushogs fields, stacks square bales, assists with working cattle, assists with barn repairs, greases tractors and equipment, sweeps the shop, mows the grass around the house and the barns, feeds the working dogs, tends the chickens, hoes the garden, etc and is doing stuff weekly and daily is really accumulating a lot of hours (even if we aren't recording hours). What would it cost to hire a Mexican laborer to do all of that? $8 an hour...maybe if you could find one who would do part time. Since I obviously am not going to actually pay MY kid $8 an hour (or $5 for that matter), I kind of find it a little wierd to then be charging them for vaccinating their one or two cows (who the heck ever vaccinates where we don't toss 5, 10 or 20 doses in the trash at the endo of the day anyway?? Once mixed MLV vaccine it is not any good tomorrow and you never have exactly the same number of doses too cattle and if you do you will waste a dose.) or charging them for the hay their 2 head ate (~the gross costs of baling ~440 rolls of hay factoring in tax benefits of rapid depreciation of equipment divided by 155 cows multiplied by 2 =??). By the time a kid is ~16, you have been working him for over 8 years and if he/she has been raising calves, goats, lambs, hogs, or whatever every year for shows that whole time, I think it is pretty reasonable too expect that the kid has a pretty decent sized wad in the college fund. You are probably going to have to pay for that anyway, so it probably is better if you have been paying along in advance rather than borrowing and paying for it afterwards.</p></blockquote><p></p>
[QUOTE="Brandonm22, post: 590096, member: 7645"] I don't know about one and three year olds "owning" cows. I kind of would rather waited to gift them the cow until they were capable of grasping that they were receiving a gift. A three year old probably would rather get a stuffed cow. That said IF we are talking about children old enough to actually do real work, don't underestimate the value of the work they are doing. A kid who checks the cows every afternoon studiously, who helps with fence repairs, who is on-call 24/7/365 (when not at school) to help put the cows back up, who bushogs fields, stacks square bales, assists with working cattle, assists with barn repairs, greases tractors and equipment, sweeps the shop, mows the grass around the house and the barns, feeds the working dogs, tends the chickens, hoes the garden, etc and is doing stuff weekly and daily is really accumulating a lot of hours (even if we aren't recording hours). What would it cost to hire a Mexican laborer to do all of that? $8 an hour...maybe if you could find one who would do part time. Since I obviously am not going to actually pay MY kid $8 an hour (or $5 for that matter), I kind of find it a little wierd to then be charging them for vaccinating their one or two cows (who the heck ever vaccinates where we don't toss 5, 10 or 20 doses in the trash at the endo of the day anyway?? Once mixed MLV vaccine it is not any good tomorrow and you never have exactly the same number of doses too cattle and if you do you will waste a dose.) or charging them for the hay their 2 head ate (~the gross costs of baling ~440 rolls of hay factoring in tax benefits of rapid depreciation of equipment divided by 155 cows multiplied by 2 =??). By the time a kid is ~16, you have been working him for over 8 years and if he/she has been raising calves, goats, lambs, hogs, or whatever every year for shows that whole time, I think it is pretty reasonable too expect that the kid has a pretty decent sized wad in the college fund. You are probably going to have to pay for that anyway, so it probably is better if you have been paying along in advance rather than borrowing and paying for it afterwards. [/QUOTE]
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